Trade openness, financial openness, and financial development in China

@inproceedings{Zhang2015TradeOF,
  title={Trade openness, financial openness, and financial development in China},
  author={Chengsi Zhang and Yueteng Zhu and Zhe Lu},
  year={2015}
}
This paper investigates the impact of trade and financial openness on financial development in China. We use three sets of indicators of financial development to distinguish size, efficiency and competition as aspects of financial development. The empirical results, using dynamic panel estimation techniques, suggest that both trade and financial openness are statistically significant determinants of financial efficiency and competition, but that openness has a negative impact on the size of… CONTINUE READING

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